article thumbnail

Staying on Top of FDD Requirements for Risk and Insurance

Modern Restaurant Management

What may be overlooked within it are risk and insurance issues. Many franchisors have dedicated staff in charge of maintaining the FDD, although tech solutions are increasingly available, offering efficient, integrated and customizable tools for managing insurance and compliance requirements. And there’s a lot of value to that.

article thumbnail

New PPP Loan Insurance Covers Food Service Establishments if the SBA Later Finds They Were Ineligible for the PPP Loan Program

Modern Restaurant Management

Businesses that benefited from PPP loans were required to meet the “necessity certification” requirement and consider alternative sources of liquidity, while also taking into account “affiliated” businesses, prior to submitting a loan application. The PPP’s Necessity Certification and Affiliation Rules.

Insurance 121
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mental Health Month and The State of Restaurants

Modern Restaurant Management

According to Culinary Hospitality Outreach Wellness, 63 percent of hospitality workers suffer from depression, 84 percent feel stress from their jobs and 65 percent report using substances at work. This means that it: Requires inpatient care or an overnight stay at hospitals or other treatment facilities.

article thumbnail

Employee Turnover is at an All-Time High: 5 Emerging Benefits Trends You Need to Know

Hot Schedules

health insurance and 401k plans), some creative thinking can create a work environment employees want to remain at without driving up expenses. Hilton recognizes the value of uptraining employees , offering skills training and professional certifications. Employee turnover greatly hampers throughput and cuts into available revenues.

article thumbnail

Summer is a Good Time for Restaurant Owners to Focus on Preventing Communicable Diseases

Hospitality Insurance Group

President & CEO, Hospitality Insurance Group. per year on average, resulting in over 125,000 hospitalizations and about 3,000 deaths. The National Restaurant Association offers a Food Safety Manager Certification as part of its ServeSafe® program that could help reinforce important precautions at your establishment.

article thumbnail

Meet Our Commercial Lines Territory Manager, Bryon Hutter!

Hospitality Insurance Group

This month, we welcomed Bryon to Hospitality Insurance Group as our new Commercial Lines Territory Manager based at our headquarters in Southborough, Massachusetts. I’ve worked in the insurance industry for over 20 years (time flies!) What brought you to Hospitality Insurance Group? What is your full name?

article thumbnail

How to Streamline Human Resources and Payroll in the Restaurant Industry

Restaurant365

For food service and hospitality in particular, an essential part of the guest experience is the interaction with employees. Restaurant payroll is particularly challenging because hospitality employees may receive different kinds of compensation. for employers with 50 or more full-time employees and self-insured employers of any size.